Joe E Davis Foundation
- Assets
- $1.9m
- Revenue
- $169.6k
- Investments
- $1.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 75-2497580
Organization Overview
Joe E Davis Foundation is located in Pennington, NJ. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joe E Davis Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Joe E Davis Foundation generated $169.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $139.2k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joe E Davis Foundation has awarded 84 individual grants totaling $399,150. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe E Davis Director | 1 | $0 | |
Billie J Davis Director | 1 | $0 | |
Joe Bob Davis Director | 1 | $0 | |
Bo S Davis Director | 1 | $0 | |
David C Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,764 |
| Capital Gain Net Income | $115,764 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,802 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96 |
| Total operating and administrative expenses | $24,353 |
| Contributions, gifts, grants paid | $114,800 |
| Total expenses and disbursements | $139,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483 |
| Savings and temporary cash investments | $67,210 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,269,653 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,948,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joe E Davis Foundation has awarded $114,800 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN'S PURSE PURPOSE: UNRESTRICTED GENERAL | $9,200 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: UNRESTRICTED GENERAL | $10,000 |
UNITED WAY OF ABILENE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
BIG BROTHERS BIG SISTERS LONE STAR PURPOSE: UNRESTRICTED GENERAL | $9,200 |
HENDRICK HOME FOR CHILDREN PURPOSE: UNRESTRICTED GENERAL | $5,000 |
ABILENE BOYS RANCH PURPOSE: UNRESTRICTED GENERAL | $9,200 |